Information Bulletin: Port Metro Vancouver Plans for Growth in Canadian Trade

Improvements Will Strengthen Canada's Pacific Gateway

VANCOUVER, Jan. 31 /CNW/ - Port Metro Vancouver (PMV) today launched its new Container Capacity Improvement Program, PMV's long-term strategy to significantly increase container handling capacity in the Lower Mainland to meet future growth and demand in Canadian international trade.

Container traffic through Canada's Pacific Gateway is expected to double over the next 10 to 15 years, and nearly triple by 2030. PMV is planning now to meet the forecast growth and increased demand for Canadian imports and exports in the future. Without substantive improvements, a 'gap' in capacity could emerge as early as 2017. Port Metro Vancouver must ensure capacity is in place to support Canadian trade.

Launching the Container Capacity Improvement Program (the Program) is an important first step in a long-term process to ensure sufficient capacity. The Program will identify opportunities to increase operational efficiencies at the Port's existing container facilities, with an emphasis on investment and infrastructure improvements at Roberts Bank in Delta.

"Our mandate and overarching goal is to support growth in Canadian trade," said Robin Silvester, President and CEO, Port Metro Vancouver. "Roberts Bank is very well positioned to accommodate future trade growth because it's an established route that offers excellent access to important Lower Mainland markets as well as major North American transportation corridors."

Port Metro Vancouver's current economic projections conclude approximately four million TEUs (twenty-foot equivalent unit containers) of additional capacity will be required to meet container demand forecasts in 2030. Following improvements at Centerm and Vanterm in 2005, and the completion of the Deltaport Third Berth Project in 2010, PMV is currently evaluating initial infrastructure improvements at Roberts Bank.

The proposed Roberts Bank Terminal 2 project is a multi-berth marine container terminal that would provide additional capacity of more than two million TEUs per year. The Port is currently undertaking preliminary technical analysis at Roberts Bank to determine ground conditions and suitability for potential future development.

Port Metro Vancouver is also preparing a comprehensive, seven-round public consultation process that will take place over six years, between January 2011 and December 2016. A comprehensive First Nations consultation process will run parallel to the public and stakeholder consultation. The scope, scale and particulars of the Program are subject to significant further technical analysis, broad consultation, and rigorous environmental assessment and certification.

Port Metro Vancouver is Canada's largest and North America's most diversified port, trading $75 billion in goods with more than 160 trading economies annually. Port activities generate 129,500 total jobs across Canada, $10.5 billion in GDP and $22 billion in economic output.

SOURCE Port Metro Vancouver

For further information: Barbara Joy-Kinsella, Media Relations, Port Metro Vancouver, 604-665-9267

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